An analysis of CEO salaries and share price growth revealed that Vodacom and MTN shareholders suffered while the chief executives significantly increased their salaries.
MyBroadband compared the CEO salary increases and share price growth over the last ten years to see if these figures align.
Simply put, the chief executive officer and the board must look after shareholders and ensure they receive a good return on their investment. This analysis revealed that Vodacom and MTN’s chief executives received large pay package increases while shareholders suffered significant wealth destruction. Telkom’s chief executive’s pay package aligned much closer with the company’s share price than Vodacom and MTN’s.
Just Share executive director Tracey Davies has previously called for ways to address high pay packages for poor-performing CEOs. This small group, who typically sit on multiple boards, look after their own interests to ensure their salaries remain high.
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